Filed August 31, 2022
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,592 | $97,729-18.6% | $83,830-5.1% | $135,379-41.2% |
| Participation rate | 86.4% | 80.0%+6.4pp | 76.1%+10.2pp | 82.6%+3.7pp |
| Annual return | -6.99% | 1287.52%-1294.5pp | 850.97%-858.0pp | 519.79%-526.8pp |
| Employer contribution / active EE | $4,073 | $4,222-3.5% | $3,631+12.2% | $4,779-14.8% |
| Participant deferral / active EE | $7,730 | $4,683+65.1% | $4,082+89.4% | $5,609+37.8% |
| Admin fee / account holder | $2,106 | $6,674-68.4% | $5,479-61.6% | $10,828-80.6% |